Bayforest Capital Ltd Buys New Position in UBS Group AG $UBS

Key Points

• Bayforest Capital Ltd has acquired a new position in UBS Group AG, purchasing 22,622 shares valued at approximately $765,000 in the 2nd quarter.
• Several other institutional investors, including Dorsey & Whitney Trust and Allianz SE, have also adjusted their stakes in UBS, indicating growing interest in the bank's stock.
• UBS Group has received a mix of ratings from analysts, with two firms issuing "Strong Buy" ratings, while others have assigned "Sell" or "Hold" ratings, resulting in an average rating of "Moderate Buy".

Bayforest Capital Ltd bought a new stake in UBS Group AG (NYSE:UBS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,622 shares of the bank's stock, valued at approximately $765,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC grew its holdings in UBS Group by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock valued at $640,000 after buying an additional 358 shares during the period. First National Bank of Hutchinson boosted its holdings in UBS Group by 3.1% in the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after acquiring an additional 367 shares during the period. Allianz SE raised its position in shares of UBS Group by 3.2% in the 1st quarter. Allianz SE now owns 12,312 shares of the bank's stock valued at $374,000 after purchasing an additional 380 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of UBS Group by 0.3% in the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock valued at $4,453,000 after purchasing an additional 386 shares in the last quarter. Finally, Impact Capital Partners LLC raised its position in shares of UBS Group by 4.1% during the 2nd quarter. Impact Capital Partners LLC now owns 9,994 shares of the bank's stock valued at $338,000 after acquiring an additional 394 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBS. Weiss Ratings reissued a "buy (b)" rating on shares of UBS Group in a research report on Wednesday, October 8th. Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, September 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Zacks Research upgraded UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of NYSE UBS opened at $40.42 on Tuesday. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $42.56. The company has a market cap of $129.59 billion, a P/E ratio of 21.38, a P/E/G ratio of 0.64 and a beta of 1.18. The business's 50 day moving average is $40.36 and its two-hundred day moving average is $35.10. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The company had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the firm earned $0.34 EPS. On average, equities analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.

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